Is Columbia Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Columbia Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Columbia Township has remained a Seller's Market.

Key Takeaway

Columbia Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Columbia Township, MI

How much do homes in Columbia Township, MI cost?

Median Sold Price

$304,550

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$27,550(+9.9%)

Key Takeaway

Homes in Columbia Township have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Columbia Township was $304,550 in February 2024, up 9.9% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $93K-
N/A
2 $177K$240K
+35.6%
3 $277K$276.1K
-0.3%
4 $306K$435K
+42.2%
5+ $606.6K$485K
-20.0%

Summary: Columbia Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 42.2%, and 5+ bedroom homes decreased by 20%.

Median Sold Price Compared To Nearby Cities

Cement City
+65.7%
Cement City
+29.6%
Brooklyn
+13.4%
Columbia Township
+9.9%

Housing Supply in Columbia Township, MI

How many homes are available in Columbia Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3738+2.7%

Summary: The Columbia Township real estate market had 38 homes for sale in February 2024, a 2.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 2124
+14.3%
4 78
+14.3%
5+ 32
-33.3%

Summary: The Columbia Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
880.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Columbia Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Columbia Township in February 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Columbia Township, MI

How long does it take to sell a home in Columbia Township, MI?

Average Sale Time

Feb 2023Feb 2024CHANGE
75 Days88 Days+17.1%

Summary: Homes in Columbia Township had an average of 88 days on market in Feb 2024, up by 17.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Columbia Township has remained consistent over time.

Summary: During February 2024, 8 homes were sold in Columbia Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Columbia Township, MI

Nearby Markets to Columbia Township, MI

What housing markets are near Columbia Township, MI?